Headline inflation rose to 3.3% in July because of base effects. The BoC will take solace in the improvement in core inflation. The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely...
The July Labour Force Survey was weaker than expected, although wage inflation reaccelerated to 5.0%. The Canadian economy shed 6,400 jobs in July, far weaker than the 25,000 gain that was expected. The jobless rate was 5.5%, the third consecutive monthly rise. This...
May’s Softer Labour Market Data Ended The Longest Run Of Job Gains Since 2017 Ironically, the May Labour Force Survey showed a modest slowdown two days after the Bank of Canada surprised the markets by raising interest rates. Employment was little changed in...
After the Bank of Canada hit pause in February, even stating themselves that they felt we were done with increases, this was a complete sucker punch yesterday with an increase of 0.25%. With a strong Labour Market and a Hot Housing Market, the thought now is that...
Headline inflation fell from 5.2% in February and 5.9% in January to 4.3% in March. There’s been an unexpected hiccup in the Bank of Canada’s ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the...
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